Quarterhill Inc T.QTRH

RE:RE:RE:RE:Patents in Auriga vs. Intel (settled)

[shakka]

Here was his reply to my last question
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The way the accounting rules work is that if we were to sign an agreement whereby payments are to made to us over a multi-year period, we would still have to recognize all the revenue in the quarter the agreement was signed, even if cash was to be received over a multi-year period.

 

Hope that helps clarify.

Best,
Dave

 

Dave Mason, CFA

[e-mail]

D: [phone] | M: [phone]

 

From: **************************
Sent: October 8, 2020 4:27 PM
To: Dave Mason <[e-mail]>
Subject: Re: This mornings PR

 

Thanks for reply.

 

So does this mean the full payment for the all the years the license was signed for was received in Q3? Although it is recognized in Q3, is it possble that collecting on payments can be spread out thru out the term?

 

Shak